Professional Documents
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Bangladesh Fact Sheet
Bangladesh Fact Sheet
Business Portfolio
Exploration and Production
All the natural gas and condensate Chevron produces in Bangladesh is sold to Petrobangla, the national oil company. Through
Chevron subsidiaries, the company operates three fieldsBibiyana, Jalalabad and Moulavi Bazarunder production-sharing
contracts signed with Petrobangla. In 2013, net daily production averaged 663 million cubic feet of natural gas and 2,000 barrels
of condensate. Condensate is liquid hydrocarbon produced with natural gas.
Putting Innovation to Work
Chevron operates the Bibiyana Field in Block 12. The field is one of the most significant natural gas discoveries in Bangladesh,
in both quality and size of the reserve.
The Bibiyana expansion project involves installation of two gas processing trains, additional development wells and an enhanced
liquids recovery facility. The project is designed for a capacity of 300 million cubic feet of natural gas and 4,000 barrels of
condensate per day. First production is expected in late 2014.
In the Community
In areas where we operate, Chevron Bangladesh invests in activities and programs that focus primarily on economic development,
education and health care. Our social investment initiatives affect the lives of approximately 30,000 people in Bangladesh.
We carry out most of these projects in partnership with leading nongovernmental organizations (NGOs). Our employees also
participate in many community development projects.
Improving Livelihoods
Most of Chevrons social investment programs in Bangladesh focus on improving the quality of life and economic opportunities
for the communities where we work. Our economic development programs collectively support about 4,000 families living near
the three fields we operate. Chevron launched the Alternative Livelihood Program for underprivileged families in Bibiyana in
2006. The program was then replicated in communities near Chevrons two other fieldsMoulavi Bazar in 2008 and Jalalabad in
2010. These programs have organized villagers into self-help groups and provided skills training and seed funds that have
launched a variety of small and medium-sized enterprises.
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Chevron also supports the Alternative Livelihood Options program, which offers families energy-efficient cooking stoves and
solar panels. This project is reducing energy costs in 1,000 households and 10 schools in seven villages near the Bibiyana and
Moulavi Bazar fields. Families use their savings in household fuel and lighting costs to set up micro enterprises.
In 2013, the Community-Driven Green Initiative was launched in 22 villages near the Bibiyana Field. Approximately 200
households are taking part in the project, which aims to boost the production of organic and high-yield fruits, vegetables, other
cash crops and pond fish.
These initiatives have been developed in partnership with local NGOs such as the Institute of Development Affairs, Prochesta
and the Center for Natural Resource Studies.
In late 2013, a two-year initiative was launched to provide skills-based training and job placement opportunities for mostly
unemployed youth and women living in 600 households near the Bibiyana and Jalalabad fields.
Record of Achievement
Chevron contributes to the economy of Bangladesh in several ways. We are the largest foreign investor and provide
employment for about 4,000 Bangladeshis. In addition, Chevron was recognized as the highest corporate taxpayer in
Bangladesh for fiscal years 2010, 2011 and 2012.
Chevron has developed three natural gas fields in Bangladesh. The Jalalabad Field was discovered in 1989 and went into
production in 1999. The Moulavi Bazar Field was discovered in 1999 and came on line in 2005. The largest producing field in
Bangladesh, the Bibiyana Field, was discovered in 1998 and came on line in 2007.
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In 2014, Enterprise Asia, a nongovernmental organization that promotes entrepreneurship, presented Chevron Bangladesh with
its Asia Responsible Entrepreneurship Award for Social Empowerment. Announced at a ceremony in New Delhi, India, the
award recognizes the company for its corporate responsibility initiatives.
Contact Us
Chevron Bangladesh
Naser Ahmed
Khandker Tower
94 Gulshan Avenue, 9th floor
Gulshan-1, Dhaka-1212
Telephone: +880.2.989.2244
+ 880.2.882.8891
Fax: +880.2.988.4398
Email: naahmed@chevron.com
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2014 Chevron Corporation. All rights reserved.
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www.chevron.com
2014 Chevron Corporation. All rights reserved.
www.chevron.com